Net Lease Office Properties Valuation
Is NLOP undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
3/6Valuation Score 3/6
Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast
Share Price vs Fair Value
What is the Fair Price of NLOP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: NLOP ($30.52) is trading below our estimate of fair value ($188.21)
Significantly Below Fair Value: NLOP is trading below fair value by more than 20%.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for NLOP?
Key metric: As NLOP is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.
| What is NLOP's PS Ratio? | |
|---|---|
| PS Ratio | 2.8x |
| Sales | US$160.91m |
| Market Cap | US$457.45m |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 4.1x |
| Enterprise Value/EBITDA | 6.4x |
| PEG Ratio | n/a |
Price to Sales Ratio vs Peers
How does NLOP's PS Ratio compare to its peers?
| Company | Forward PS | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 2.1x | ||
HPP Hudson Pacific Properties | 0.6x | 5.3% | US$532.6m |
PSTL Postal Realty Trust | 4.5x | 10.1% | US$392.9m |
PKST Peakstone Realty Trust | 2x | 4.9% | US$463.5m |
CIO City Office REIT | 1.1x | 1.2% | US$196.4m |
NLOP Net Lease Office Properties | 2.8x | n/a | US$457.4m |
Price-To-Sales vs Peers: NLOP is expensive based on its Price-To-Sales Ratio (2.8x) compared to the peer average (2.1x).
Price to Sales Ratio vs Industry
How does NLOP's PS Ratio compare vs other companies in the US Office REITs Industry?
Price-To-Sales vs Industry: NLOP is good value based on its Price-To-Sales Ratio (2.8x) compared to the US Office REITs industry average (2.9x).
Price to Sales Ratio vs Fair Ratio
What is NLOP's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PS Ratio | 2.8x |
| Fair PS Ratio | n/a |
Price-To-Sales vs Fair Ratio: Insufficient data to calculate NLOP's Price-To-Sales Fair Ratio for valuation analysis.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Insufficient data to show price forecast.
Discover undervalued companies
Chatham Lodging Trust
US$443.6m
Chatham Lodging Trust (“we,” “us” or the “Company”) was formed as a Maryland real estate investment trust on October 26, 2009.
CLDT
US$8.74
7D
-5.3%
1Y
-13.8%
Innovative Industrial Properties
US$2.9b
A self-advised Maryland corporation focused on the acquisition, ownership and management of specialized properties leased to experienced, state-licensed operators for their regulated cannabis facilities.
IIPR
US$104.75
7D
-2.8%
1Y
30.0%
Boardwalk Real Estate Investment Trust
CA$3.7b
Boardwalk REIT strives to be Canada's friendliest community provider and is a leading owner/operator of multi-family rental communities.
BOWF.F
CA$49.23
7D
-2.5%
1Y
1.7%